Economists typically assume that the owners of firms wish to
a. produce efficiently.
b. maximize sales revenues.
c. maximize profits.
d. all of the above.

Maximize profits

Explanation: The basic assumption an economist make is that the owners of a firm always works with the intent of maximizing their profits. As per this approach, the producers in the market determine their prices, inputs and outputs in such a way that it leads to highest profits.

Hence, from the above we can conclude that the right option is C.

The correct answer to the following question is option C) maximize profit .

Explanation:

When talking about the owners of the firms, economists usually assumes that the main goal of the owners is to maximize profit. Now if this was the case of company , the answer would have been different ( like maximizing shareholders wealth or etc ) but since owners are separate from company, as a company is a separate legal entity, so it won't be wrong to say for he owners , the profit is the main aim.

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